Acs, Actividades De Construccion Y Servicios Sa · BME:ACS
Acs, Actividades De Construccion Y Servicios Sa — Grupo ACS — Q1 2020 Earnings Presentation
13 slides from Acs, Actividades De Construccion Y Servicios Sa's earnings presentation, May 14, 2020
Slide 1: 1Q 2020 Results Presentation
1Q 2020 Results Presentation May 14th, 2020
Slide 2: COVID-19 impact on Grupo ACS
COVID-19 impact on Grupo ACS » The current situation caused by the 5% global COVID outbreak has affected total sales ACS’ activities and operations. 0.5 €bn 51% » Most activities have shown total sales 13% -6% resilience with low impacts from total sales 4.9 €bn COVID-19 1.3 €bn 21% +15.9% TWO major
Slide 3: 1Q20 Key figures
1Q20 Key figures Figures in € million and % variation 1Q20 reported YoY Var. FX adjusted var. SALES 9,553 +3.1% +4.1% BACKLOG 73,196 -2.9% +1.2% EBITDA 751 -8.3% -5.5% EBIT 491 -12.0% -9.9% NET PROFIT 201 -28.5% -27.7% NET FINANCIAL DEBT 2,374 +1,477 (1) EBITDA – Net financial expenses and taxes + d
Slide 4: Sales breakdown by activity
Sales breakdown by activity INFRASTRUCTURE INDUSTRIAL SERVICES SERVICES +6.0% F/X adjusted -1,6% F/X adjusted +1.0% F/X adjusted +5.8% 7,252 6,854 -5,5% 2,024 +1.0% 1,913 389 393 1Q19 1Q20 1Q19 1Q20 1Q19 1Q20 » International sales » Sales increase in the American increase (+16.2%), despite » Sales a
Slide 5: EBITDA breakdown by activity
EBITDA breakdown by activity INFRASTRUCTURE INDUSTRIAL SERVICES SERVICES CONSTRUCTION CONCESSIONS +0.7% 516 520 -5.8% 236 -78.5% 222 -54.8% 60 23 10 7.5% 7.2% 13 11.6% 11.6% 5.8% 2.6% 1Q19 1Q20 1Q19 1Q20 1Q19 1Q20 1Q19 1Q20 » Significant slowdown » Slight margin decrease in construction due » Solid
Slide 6: Attributable Net Profit
Net Profit by activities Figures in Euro Million 1Q19 1Q20 Var. Infrastructure 131 97 -25.8% Construction (Dragados + HOT ex ABE) 87 87 Concessions (Iridium + Abertis) 44 10 Industrial Services 129 120 -7.0% Services 9 (1) n.a. HQ Overheads (17) (14) Ordinary Net Profit 253 202 -19.9% Changes in fai
Slide 7: Free Cash Flow generation 1Q20
Free Cash Flow generation 1Q20 751 160 591 1,193 (603) 155 82 (840) Financial CAPEX & EBITDA GROSS FFO NET FFO FCF expenses, WC variation operating 1Q20 taxes & other 1Q20 1Q20 leases 1Q20 1Q20 – Results Presentation Figures in Euro Million 7
Slide 8: Free Cash Flow factoring adjusted
Free Cash Flow factoring adjusted 1Q19 1Q20 +10.6% YoY (577) 139 (639) (201) (716) (840) FCF Factoring FCF fact. adj. FCF Factoring FCF fact. adj. 1Q19 variation 1Q19 1Q20 variation 1Q20 1Q20 – Results Presentation Figures in Euro Million 8
Slide 9: Net Debt evolution 1Q20
Net Debt evolution 1Q20 2,374 84 261 122 795 218 840 123 €mn HOT JV 116 €mn Industrial services energy projects -23 €mn Iridium (not including Project debt associated to divestments) 54 Payments HOT/CIM NET DEBT Net Project Shareholder F/X & NET DEBT FCF 1Q20 related to stock DEC-19 investment remun
Slide 10: Positive Backlog trend
Positive Backlog trend 1Q20 Backlog evolution » Robust backlog: highly diversified in 77,756 terms of activities, geographies and 7,590 73,196 risk profile 9,786 (2,364) » Currency headwinds impact due to depreciation of australian dollar and +1.2% LFL latam currencies Ex.rate & » Project pipeline o
Slide 11: Selected awards 1Q20
Selected awards 1Q20 NORTH AMERICA RAILWAYS NORTH AMERICA BUILDING Construction of a New Bed Tower and Clinical Services Podium adjacent to the existing Wexner Medical Center Hospital 400 €MN Contract for the reconstruction of Taxiway Cat Love Field Airport located in Dallas, Texas (United States) 1
Slide 12: Conclusions
Conclusions 1 Resilience of operating activities 2 Strong financial and liquidity position 3 Robust Backlog and solid pipeline in strategic markets 1Q20 – Results Presentation 12
Slide 13: Legal Disclaimer
Legal Disclaimer This document contains forward-looking statements on the intentions. expectations or forecasts of Grupo ACS or its management at the time the document was drawn up and in reference to various matters including. among others. its customer base. its performance. the foreseeable growth